​If you're in the construction industry & either fall under the Construction Industry Scheme yourself, or employ contractors, then this change will most probably effect you:

HMRC have decided that the treatment of VAT, under CIS will change on the 1st of October this year.Therefore, you must make sure that you understand the changes & how they will effect your business.  Under the new changes, customers receiving the service will have to pa...
Read more

Properly managing your business’ cash flow is mission critical...

... if you want to stay in business. Cash flow is after-all, the ‘heart beat’ of any business.  The National Federation of self-employed & small businesses’ has conducted research, which shows that ‘37% of small businesses have run into cash flow difficulties’...
Read more

So if you’re going to dress for success, surely you can claim all the clothing as a business expense?

  HMRC are very strict when it comes to what clothing you can & can’t claim as a business expense.  There is a term ‘Everyday wardrobe’ which is often used by HMRC. Clothing which you could wear, whilst not working, is usually not an allowable expense. Clothi...
Read more
l
TAGS
'Everyday Wardrobe'Can I claim a suit as a business expense?CISConstruction industry schemeConstructionIndustryVat treatment construction industryWhat clothing can I claim for?workclothes
Full post archive